Gold Demand in India to Drop as Buyers Prefer to Hoard Cash

Demand is going to be subdued, given the state of the economy and the sentiment,” Ajay Mitra, managing director, Middle East and India at the council, said in a phone interview from Mumbai. “People are preferring to stay invested in cash becau


Ex-Lone Pine Manager Is Said to Start $500 Million Hedge Fund

Tybourne Capital Management Ltd. can draw down an additional $500 million available from investors later this year as opportunities arise, said the people who asked not to be identified as the information is private. Tybourne Equity Fund started trading


ETFs unlikely to soar in Asia

ETFs listed in Asia ex Japan have $67bn of assets under management, compared with almost $1.2tn for US ETFs.


GLG Forms Asia Equities Team Co-Led By Ex-GIC Manager

The team based in Hong Kong will be led by David Mercurio, who joined the London-based unit of Man Group Plc as the head of Asia equity and co-head of its global equity strategies from Government of Singapore Investment Corp.


Nikko to feed Japanese taste for Aussie bonds

Chief executive Charles Beazley says the fund will target Japanese retail investors, who increasingly see Australia as something of a safe haven thanks to its stable economy and AAA rating.


AMP Capital, Aberdeen score Advance mandates

The mandates will form part of the Advance Australian Fixed Interest Multi-Blend Fund, a specialised fixed interest fund that invests in Australian interest bearing securities such as Commonwealth, State, local and semi government and corporate bonds.


Former Hunter Hall exec Launches New Aussie Fund

Morphic Global Opportunities Fund will invest in global equities, with a mandate to take long positions in companies with a minimum market value of 400 million Australian dollars (US$408 million) and short positions in companies with a minimum market valu